On the flip side, retirees and empty-nesters sometimes go back to renting to avoid yardwork, maintenance, or the joy of dealing with a broken sprinkler system during a Texas summer. Which One’s Better? Rent or Buy? Like most things in life (brussels sprouts, reality TV, open shelving), it depends. Here’s what to consider: How long will you stay? If you plan to live in a home for 4–7 years, buying usually makes financial sense. But if you're more of a “I might move next year to Bali or Boston” kind of person, renting may be smarter—and less complicated. Are you thinking of your home as an investment? Homes can build wealth. They also fluctuate in value. Think of a home as one solid player on your financial dream team—not your entire bench. Are you financially ready? Don’t compare just rent vs. mortgage. Compare everything—taxes, insurance, maintenance, HOA fees, repairs, down payment. Basically, if you're still recovering from the price of your last oil change, buying might need to wait. Do you have a down payment? You don’t have to have 20%, but it helps. Some loans go as low as 3%. And if Grandma wants to gift you some cash—take it! Just remember: loans from family count against your debt-to-income ratio so Grandma's gift really has to be a GIFT! Are you emotionally ready? Buying a home is exciting, but it also ranks high on the official Life Stress-O-Meter. If you're already juggling a new job, a new baby, or a midlife crisis, renting for a bit longer might save you a few gray hairs. Are you ready to commit? Buying means choosing a neighborhood, a mortgage, a paint color, and possibly a lawn mower. It’s not a lifetime vow—but it’s close. If the thought of being responsible for a roof, appliances,
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